Interamerican aims for 10-15% of mandatory pension market

In the battle for clients, Interamerican will focus its efforts on the segment of mandatory pensions, believing there is enough time for optional pensions next year. Interamerican Pensii, the specialist company of the insurer that operates under the same name, is now expecting the green light from the Private Pension Commission (CSSPP). Investments in this company would be worth millions of euros, the officials of Interamerican said, starting from the minimum share capital requirements of 5.5 million euros and one million euros for the74**? advertising campaign. The company will manage both optional (pillar III) and mandatory (pillar II) pensions, and its officials say the efforts will be focused on pillar II this year. “We will focus on mandatory pensions, for practical reasons for this business. In the two months before the sales of the pillar II start, there is not enough time for the other players on the pillar III market to divide it among themselves. Therefore there’s enough time for optional pensions as of next year,” believes Besim Jawad, pension project manager of Interamerican Pensii. “Focusing on the second pillar is merely a matter of priorities. We intent to gain a 10-15% share of the mandatory pension market in the medium-term,” stated Frans van der Ent, the general manager of the new company.